Tulip IT Services
Tulip IT Services
CMP: Rs 1,012
Target price: Rs 1,348
Networth Stock Broking has initiated coverage on Tulip IT Services with a ‘buy’ rating and a price Target of Rs 1348. “Tulip’s core business relating to network integration and data connectivity is finding large acceptance and deployments … thereby creating large opportunities to be explored,” the Networth note to clients said.
“Tulip is now set to expand its customer base exponentially over the next few years by virtue of a) its ability to provide services in locations that present technical constraints for other competitors, and b) its bandwidth optional services that allow the company to penetrate customer segments like dealers and C&F agents,” the note added
